Post
Topic
Board Economics
Topic OP
Gold Price Prediction & its impact on cryptocurrencies
by
Sirait
on 27/06/2020, 18:04:49 UTC
I just read about the prediction that the price of gold will go to the moon

Quote
World gold is predicted to fly to US $ 10,000 / troy ounce, by Dan Olivier, founder of Myrmikan Capital. This is a New York-based fund management company focused on gold research (Myrmikan Research) and fund manager Myrmikan Gold Fund.

Referring to the rules in the market, one troy ounce is equivalent to 31.1 grams, so the amount of US $ 10,000 per troy ounce projected by Dan Oliver, then converted by dividing the number by 31.1 grams, the result is the US $ 321.54 / gram

the price of Gold for the past few years

https://goldprice.org/spot-gold.html

are you sure the price of gold will break $ 321.54 / gram and how will it affect the crypto backed-gold currencies like GOLD stable coin

give your opinion